5001 Theater Dr Evansville, IN 47715
This exceptional 21,002-acre agricultural property, identified by APN 82-06-13-016-124.005-027, presents a unique investment opportunity in Evansville, Indiana. Located at 5001 Theater Dr., Evansville, IN 47715 (37.99517, -87.489786), this expansive land parcel is zoned C-4, offering considerable flexibility for development. The property is currently available for sale, lease, or build-to-suite arrangements, catering to a variety of commercial ventures. Given its size and zoning, the land is well-suited for retail, restaurant, or service-related businesses. Its strategic location in Vanderburgh County, near the northern section of Green River Road, places it within a thriving retail corridor. The proximity to Eastland Mall, the area's largest mall situated just south of the property, further enhances its commercial potential. This significant landholding offers substantial development possibilities for investors seeking a prime location in a rapidly growing area. The asking price for this substantial parcel is $136,512.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.